Zoono fights US$390k distributor claim

Wed, 24 Jun 2020

Hand sanitizer maker Zoono, the covid-19 success story with a market cap of AU$485.93 million, is fighting a US$390,000 claim against its former Chinese distributor. The Auckland company founded by Paul Hyslop has won an early bout in the case, initiated in 2019 by Shanghai-based Qingdao. Qingdao was set up as a special purpose vehicle for the distribution of the water-based santising products. According to a judgment of associate judge Peter Andrew dated June 10, Qingdao claims Zoono breached its contract and must pay US$390,000 for sal...

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